For primary residences, lenders typically don't require PITI (Principal, Interest, Taxes, and Insurance) reserves beyond the down payment and closing costs.

Highly pressured sales tactics at there 3 day events they do all over the US to get you wrapped into their high dollar coaching programs. Then when you don't have the money for them they coerce you into getting credit...

However, you could still have - cashflow on paper, but still break even or potentially have + cashflow on your taxes.

Thanks, Tax.

Yes, there will be limitations of a TN financial institution as I live in CA, and I have read articles about potential tax and filling season issues if you bank outside the state where the business is registered. 

LP is 280,000, ARV is 425,000ish and renovation is about 75 ~ 80 grands (+20 grands for closing cost, first year taxes, reserve etc).

Can they cosign on a personal loan or maybe out them on your home in FL to boost your credit score to be allowed to do a heloc on your primary.

This tax provision allows homeowners to rent out their space for up to 14 days per year without reporting the income or paying taxes on it!

Since we have zero income, I'm not inclined to pay a CPA several hundred dollars to do our taxes, so I'm trying to do it myself. 

I want to be prepared talking about tax strategies with my CPA and I have a few questions. 1.Can I take bonus depreciation on the ADU?